Evergreen Credit Union
Evergreen Credit Union shows consistent asset and revenue growth with no reported officer compensation on IRS 990s.
EIN: 10216328 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.2M |
| Total Expenses | $24.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500 |
| Net Assets | $39.0M |
| Transparency Score | 95/100 |
Is Evergreen Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Evergreen Credit Union directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Evergreen Credit Union
Evergreen Credit Union (EIN: 10216328) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $33.2M and total assets of $569.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Evergreen Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Evergreen Credit Union is a large nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.4M |
| Total Expenses | $24.2M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $538.7M |
| Total Liabilities | $499.7M |
| Net Assets | $39.0M |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 92.8% |
| Months of Reserves | 267.4 months |
Financial Health Grade: A
In 2023, Evergreen Credit Union reported a surplus of $4.2M with revenue exceeding expenses, holds 267.4 months of operating reserves (strong position), has a debt-to-asset ratio of 92.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Evergreen Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.0% | +30.5% | +8.7% |
| 2022 | +18.9% | +11.0% | +6.7% |
| 2021 | +11.3% | +7.7% | +15.6% |
| 2020 | +2.4% | +11.6% | +27.3% |
| 2019 | +13.3% | +17.4% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Evergreen Credit Union with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Evergreen Credit Union allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.8%.
Executive Compensation Analysis
Evergreen Credit Union consistently reports 0% officer compensation on its IRS 990 filings, which is highly unusual for an organization with assets exceeding $500 million and annual revenues over $30 million. This suggests either a unique compensation structure where executives are not compensated in a manner reportable on the 990, or an exceptionally efficient and mission-driven approach where executive salaries are genuinely absent, which would be a significant strength.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Evergreen Credit Union's IRS 990 filings:
- Unusual reporting of 0% officer compensation on IRS 990s for an organization of this size, which may warrant further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for Evergreen Credit Union:
- Consistent and significant growth in assets, from $227 million in 2014 to $569 million currently.
- Strong revenue growth, increasing from $9.8 million in 2014 to $33.2 million currently.
- Expenses consistently lower than revenue, indicating sound financial management and operational efficiency.
- Low liabilities relative to assets, maintaining a healthy financial position (e.g., 2023 liabilities of $499M vs. assets of $538M).
- Potential for extremely high spending efficiency if the reported 0% officer compensation truly reflects no executive salaries.
Frequently Asked Questions about Evergreen Credit Union
Is Evergreen Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Evergreen Credit Union (EIN: 10216328) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Evergreen Credit Union spend its money?
Evergreen Credit Union directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Evergreen Credit Union tax-deductible?
Evergreen Credit Union is registered as a tax-exempt nonprofit (EIN: 10216328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Evergreen Credit Union CEO make?
Evergreen Credit Union's highest-compensated officer earns $500 annually. The organization reported $33.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Evergreen Credit Union's spending goes to programs?
Evergreen Credit Union directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Evergreen Credit Union located?
Evergreen Credit Union is headquartered in Portland, Maine and files with the IRS under EIN 10216328.
How many years of IRS 990 filings does Evergreen Credit Union have?
Evergreen Credit Union has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $33.2M in total revenue.
How does Evergreen Credit Union manage to report 0% officer compensation on its IRS 990s?
The consistent reporting of 0% officer compensation on IRS 990s for an organization of Evergreen Credit Union's size is highly unusual. It could indicate that executive compensation is structured in a way that is not reportable under the 'officer compensation' section of the 990, or that the organization genuinely operates without traditional executive salaries, which would be a remarkable display of efficiency.
Is Evergreen Credit Union financially stable?
Yes, Evergreen Credit Union appears financially stable. Its assets have grown consistently from $227 million in 2014 to $569 million currently, and revenue has increased from $9.8 million to $33.2 million. Expenses are consistently lower than revenue, indicating sound financial management and a healthy operating surplus.
What is the primary use of Evergreen Credit Union's revenue?
As a credit union, the primary use of Evergreen Credit Union's revenue would be to provide financial services to its members, including offering competitive loan rates, savings products, and other member benefits, as well as covering operational costs to maintain these services.
Filing History
IRS 990 filing history for Evergreen Credit Union showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Evergreen Credit Union's revenue has grown by 158.2%, moving from $11.0M to $28.4M. Total assets increased by 160.2% over the same period, from $207.0M to $538.7M. Total functional expenses rose by 140.6%, from $10.0M to $24.2M. In its most recent filing year (2023), Evergreen Credit Union reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $499.7M in liabilities against $538.7M in assets (debt-to-asset ratio: 92.8%), resulting in net assets of $39.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.4M | $24.2M | $538.7M | $499.7M | — | — |
| 2022 | $21.9M | $18.5M | $495.7M | $460.9M | — | View 990 |
| 2021 | $18.4M | $16.7M | $464.6M | $433.2M | — | View 990 |
| 2020 | $16.5M | $15.5M | $401.8M | $372.1M | — | View 990 |
| 2019 | $16.1M | $13.9M | $315.7M | $287.0M | — | View 990 |
| 2018 | $14.2M | $11.8M | $292.4M | $265.9M | — | View 990 |
| 2017 | $11.7M | $10.1M | $269.5M | $245.4M | — | View 990 |
| 2016 | $10.6M | $8.9M | $258.1M | $235.6M | — | View 990 |
| 2015 | $10.0M | $8.7M | $239.3M | $218.6M | — | View 990 |
| 2014 | $9.8M | $9.0M | $227.7M | $208.2M | — | View 990 |
| 2013 | $10.2M | $9.2M | $220.4M | $201.8M | — | View 990 |
| 2012 | $10.4M | $9.8M | $214.7M | $197.0M | — | View 990 |
| 2011 | $11.0M | $10.0M | $207.0M | $190.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.4M, expenses of $24.2M, and assets of $538.7M (revenue +30.0% year-over-year).
- 2022: Revenue of $21.9M, expenses of $18.5M, and assets of $495.7M (revenue +18.9% year-over-year).
- 2021: Revenue of $18.4M, expenses of $16.7M, and assets of $464.6M (revenue +11.3% year-over-year).
- 2020: Revenue of $16.5M, expenses of $15.5M, and assets of $401.8M (revenue +2.4% year-over-year).
- 2019: Revenue of $16.1M, expenses of $13.9M, and assets of $315.7M (revenue +13.3% year-over-year).
- 2018: Revenue of $14.2M, expenses of $11.8M, and assets of $292.4M (revenue +21.8% year-over-year).
- 2017: Revenue of $11.7M, expenses of $10.1M, and assets of $269.5M (revenue +10.2% year-over-year).
- 2016: Revenue of $10.6M, expenses of $8.9M, and assets of $258.1M (revenue +5.8% year-over-year).
- 2015: Revenue of $10.0M, expenses of $8.7M, and assets of $239.3M (revenue +1.8% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.0M, and assets of $227.7M (revenue -3.9% year-over-year).
- 2013: Revenue of $10.2M, expenses of $9.2M, and assets of $220.4M (revenue -1.4% year-over-year).
- 2012: Revenue of $10.4M, expenses of $9.8M, and assets of $214.7M (revenue -5.6% year-over-year).
- 2011: Revenue of $11.0M, expenses of $10.0M, and assets of $207.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Evergreen Credit Union:
Data Sources and Methodology
This transparency report for Evergreen Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.